Appraisal Today

AUGUST 4, 2023

In a truly Orwellian move, mortgage giant Freddie Mac recently announced its intent to censor an arbitrary collection of words such as “desirable,” “safe,” “well-kept,” “student” and “crime” when they appear, in any context, in the hundreds of thousands of appraisal reports it relies on in mortgage underwriting.

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Quicken Loans

MAY 5, 2022

The Federal Reserve raising short-term interest rates by 0.5% Of much more interest to market participants was how the Fed planned to handle running down its investments made in the aftermath of the pandemic. What you might find interesting is that mortgage pricing has actually gotten better in the aftermath of the announcement.

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Lamacchia Realty

OCTOBER 31, 2022

What is a 2-1 Buydown? Amidst ceaseless mortgage rate hike and inflationary headlines , the mortgage industry is abuzz with talk of buydowns. Buydowns aren’t a new product, on the contrary they’ve been around for a long time, but they’re resurfacing now as a mechanism to combat the rising mortgage rates.

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Appraisal Today

NOVEMBER 4, 2022

My comments: Read this blog post with practical tips from practicing appraisers. But, McKissock’s blog posts are short, well written, and popular with readers, so I include them regularly. To read more of this long blog post with many topics, click Read More Below!! Appraisers Share Their Best Tips for Working with AMCs.

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Appraisal Today

JULY 7, 2023

Appraiser Countersues Black Plaintiffs Who Alleged Discrimination by Isaac Peck, Publisher WorkingRE There are now a number of lawsuits facing appraisers where the primary allegation is racial discrimination. Tate-Austin v. Janette Miller, filed in California in Dec. 2021, was one of the first (and perhaps the most publicized). Shane Lanham et al.

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Boston Appraisal

APRIL 5, 2021

However, in this article we’ll summarize the most salient points that most economists are talking about, and discuss what we think might happen with the Boston real estate market. That doesn’t mean Boston will grow at the same rate as previous years. Interest rates are at decade-lows. Is it time to buy or sell?

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Appraisal Today

APRIL 7, 2023

I would say about 90% of the voicemails that I receive are from an irate homeowner worried about a rate lock or a stressed out realtor wondering if they are going to close on time. To read more of this long blog post with many topics, click Read More Below!! The Mailbox is Full and Cannot Accept Any Messages at this Time.

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Appraisal Property Taxes Reconsideration of Value Contracts 52

Cornerstone

MAY 21, 2021

Our free LoanFly app lets you search houses, connect with a local loan officer, prequalify for a mortgage, and manage your loan docs, all in one place. What else to know: Mortgage rates are still low — but rising. Nonetheless, any time mortgage rates change, it can impact the amount you’re able to borrow.

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Appraisal Today

APRIL 14, 2023

My overall ratings are: Unlivable with holes in wall or ceiling, kitchen, and bath not functional, not lendable, etc. ) My overall ratings are: Unlivable with holes in wall or ceiling, kitchen, and bath not functional, not lendable, etc. ) To read more of this long blog post with many topics, click Read More Below!!

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Appraisal Today

JANUARY 27, 2023

To read more, click here My comments: Many thanks to McKissock for telling us what we need to know. Appraisal Business Tips Humor for Appraisers To read more of this long blog post with many topics, click Read More Below!! The language requiring a minimum “head and shoulders” access into the attic was deleted. Get the facts!!

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Appraisal Contracts Transportation Real Estate 52

Will Springer Realtor

MAY 23, 2023

Most homeowners are enjoying low interest rates on their mortgages while lacking the motivation to sell when financing costs today are high. At the same time buyers are sitting on the sidelines, waiting patiently for rates to fall amid low housing inventory and rising home prices. Why is this option rarely discussed?

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Appraisal Today

NOVEMBER 25, 2022

When I arrived at the home, he said that she wasn’t home and had locked all the doors, so he called a locksmith to come to open the back door. To read more of this long blog post with many topics, click Read More Below!! More Crazy Appraisal Stories! Excerpt: Restraining Orders & Appraisals – Never a Great Mix. Eric VanderWaal.

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Appraisal Market Value Contracts Finance 52

Quicken Loans

DECEMBER 16, 2021

The Committee had several interesting things to say, but perhaps the most important thing to start with is its assessment of the future. Once a quarter, the FOMC projects where it thinks various economic indicators and interest rates will be in the course of the near term and the next few years. The press release is below.

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Mortgage Development Marketing Business 52

Will Springer Realtor

FEBRUARY 22, 2022

While there is no right or wrong answer, it is generally best to begin by researching and interviewing mortgage lenders. Older research showed that about half of all buyers choose the first lender they found even though interviewing two or more could save thousands of dollars in lower interest and fees.

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Quicken Loans

JUNE 10, 2021

Immediately, the question arises: How do you start the process of getting a mortgage loan? If you’re buying for the first time , the mortgage loan process can be confusing and unfamiliar. 9 Steps To Getting A Mortgage. The first step we recommend any home buyer take is to get a mortgage preapproval. How long does it take?

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Cornerstone

JUNE 8, 2021

Understandably, a number of homeowners have concerns about what hurdles they might face if they decide to sell a house. Understandably, a number of homeowners have concerns about what hurdles they might face if they decide to sell a house. Locking in a historically low mortgage rate, while they can. Everyone wins.

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Cleveland Appraisal Blog

MAY 18, 2023

Let’s take a look at what’s going on in Cuyahoga County. What about current active listings? This is despite the considerably higher mortgage interest rates. Interestingly, here is the same panda demonstrating what single-family home prices are doing right now in Cuyahoga County.

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DW Slater Company

MAY 23, 2022

The pandemic created a need to work from home and historically low mortgage rates increased buying power which fueled the demand. Of these factors, the mortgage rates have now begun to increase, which will create a shift in the demand as buyers will not have the same buying power as before. Reasons for this increase?

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Appraisal Today

NOVEMBER 10, 2023

More Objective Appraisals: A Practical Guide for Appraisers By Scott Reuter Single-Family Chief Appraisal Officer, Freddie Mac Excerpts: Changing the Mindset – Facts First What’s the number one thing appraisers should be doing when they develop an appraisal? He knows what you want. Stick to the facts. Excellent examples and analysis.

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Appraisal Today

MARCH 3, 2023

What Tools Do You Use to Support Your Appraisal Adjustments? Very interesting. To read more of this long blog post with many topics, click Read More Below!! Wonder what AMCs think about that! Don’t miss the appraisers’ comments! Appraising vs. the Public Good? It is a Very Special Place.

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Appraisal Today

NOVEMBER 20, 2022

Do you believe that the quality of your work ranks you as a tier 1 appraiser or do you have a little concern about your rating? What you can do today. Richard can be a bit negative but states what is really happening and what you need to do. Sins of the Past Are Back to Haunt Appraisers. By Richard Hagar, SRA.

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Appraisal Today

JUNE 24, 2022

Excerpts: What about an off-site water view? Those topics are fodder for other lengthy blog posts all by themselves. When oceans, lakes, bayous, estuaries, rivers, streams, and ponds are involved, this right is a large part of what property purchasers are paying for. Appraisals and Water Frontage. Water rights play a major role.

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Appraisal Contracts Mortgage Real Estate 52

Will Springer Realtor

DECEMBER 19, 2023

As the year dims, all eyes fixate on 2024’s potential: a hopeful dance fueled by dreams of lower rates and a wave of new homes for sale. We experienced yet another unusual year for residential real estate – high interest rates, leading to affordability challenges amid low inventory. 31 and another 1.2%

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Will Springer Realtor

DECEMBER 13, 2022

For 34 consecutive months ending in March, buyers enjoyed mortgage interest rates of 4.0% In its place, rising everything – home prices, mortgage rates and inflation (Why are eggs so expensive? What’s next? Interest rates are generally offered today in a range of 6.5%-7.0%

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Will Springer Realtor

FEBRUARY 13, 2024

The true barometer will be measured by the number of homeowners who enter the market this year – depending on lending rates and personal factors. People are seeking to move on as they experience life-changing moments – if they can afford what sellers are seeking. That’s a whopping 134% more than December and a solid 7.0%

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Will Springer Realtor

JANUARY 9, 2024

The Federal Reserve played the role of Santa Claus and delivered an unexpected present just before Christmas in the form of a forecast for lower interest rates in 2024. Median home prices are enjoying what will likely be a brief respite as many homeowners who wanted to sell by year’s end did so with price cuts. But by how much?

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Lamacchia Realty

DECEMBER 28, 2022

What a difference a year makes. Although interest rates could change things late in the year.”. It’s a good thing that I included that last sentence about interest rates because sure enough, they changed things. 2023 will be 1982 all over again. These three things are all but certain to happen in 2022.

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Sellers Buyers Real Estate Inventory 78

Will Springer Realtor

MAY 9, 2023

Compounding the demand is a consumer public determined to stay put for several more years rather than dive into a real estate market clouded by higher interest rates. Compounding the demand is a consumer public determined to stay put for several more years rather than dive into a real estate market clouded by higher interest rates.

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Will Springer Realtor

MARCH 12, 2024

Mixed economic numbers have turned that smile upside down among interest-rate watchers, as inflation persists and employment stays healthy. This divergence of data put the mortgage market on its heels over the past several weeks and essentially reset rates after trending lower in December and January. for the year).

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Will Springer Realtor

OCTOBER 11, 2022

At what point will mortgage interest rates peak? Seriously though, there must be a ceiling to rising rates that have all but extinguished a robust housing market. The Fed funds rate, which banks charge one another, is the foundation for other rates such as for auto loans and credit cards.

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Will Springer Realtor

JULY 11, 2023

month-to-month (2491) – a much slower rate increase than the 19% monthly surge in May – and climbed 13% for units unsold at the end of June (2181). Just think what the housing market would be like if financing a home purchase was more affordable. Home prices continued to confound buyers by climbing toward record highs as summer began.

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Will Springer Realtor

AUGUST 11, 2023

homes shy of what’s needed today. Click to expand any image or graphic from my newsletters and blog posts.) Meanwhile, the vacancy rate for rental units, at 6.5%, is lower than it has been since the 1980s, according to Harvard research. Is the dream of homeownership going the way of the dodo?

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Will Springer Realtor

FEBRUARY 14, 2023

Inflection points are important in finding those signals and since last month’s assessment of the market, we are beginning to see what appear to be important – possibly significant – upward inflection points in housing market data. 14 showing an annual rate of 6.4%. Read on to see by how much.) for the year but down 1.6%

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Will Springer Realtor

AUGUST 9, 2021

I have covered this topic both within the newsletter and on my blog and hear from people in real estate about their frustration over the lack of significant action. annually between 1968 and 2000 but has since dropped to an average rate of 0.7% America’s housing stock is in a dire situation. The nation has faced a shortfall of 5.5

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